Impact of Transaction Costs on Trading Behaviors and On-chain Trading Models

The chapter explores how transaction cost differences influence trading behaviors, emphasizing the advantages of low-cost transactions for market makers and retail traders. It delves into the benefits of on-chain trading models like Aptus, comparing optimistic parallel execution with strict access list approaches. The discussion further analyzes the technical aspects of on-chain trading, including memory access management, permissionless market making, and the potential transformation of global trading systems.